Contango reports 972.10 g/t gold intercept at Lucky Shot; underground development restarts

Contango Silver & Gold Inc.

LSU26091 returned 0.17 m grading 972.10 g/t Au from L1d Vein with visible gold.
LSU26078 returned 5.30 m grading 8.89 g/t Au from L1c Vein, including 0.60 m at 35.15 g/t Au.
Underground exploration development re-started with contractor GMS mobilized; 43m advanced as of May 27, 2026.
Next phase: ~800 m of underground excavation to provide platforms for ~12,000 m of drilling, targeting Feasibility Study H1 2027.
West Drift extension planned to further explore the high-grade KM vein (~6m at 60 g/t Au).

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